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Question: First National Bank employs three real estate appraisers whose job is to establish a property's mark et value before the bank offers a mortgage to a prospective buyer. It is imperative that each appraiser values a property with no bias. S up pose First National Bank wishes to check the consistency of the recent values that its appraisers have established. The bank asked the three appraisers to value (in $1,000s) three different types of homes: a cape, a colonial, and a ranch. The results are shown in the accompanying tab le and can also be found on the text website, labeled Houses.
a. Use Excel to generate the appropriate ANOVA table.
b. At the 5 % significance level, can you conclude that average values differ by appraiser? Should the bank be concerned with appraiser inconsistencies?
c. At the 5 % significance level, can you conclude that average values differ by house type?
d. If average values differ by house type, use Tukey's HSD test at the 5 % significance level to determine which averages differ.
What is the probability that it will crash at least two times in a given semester?- What is the probability that it will not crash at all in a given semester?
Perform a test that will compare all four means at once. We are not interested in pair-wise comparisons at this stage - Test whether the four means are equal at the 5% level of significance.
Compute the standardized slopes for SES and English ability; interpret them, and specify what additional information is learned from the standardized slopes that cannot be learned from the unstandardized slopes.
Suppose that you are risk neutral and the company offers the use of their Model II machine to you for one bet for a price of $5 + 10p, for any p you choose.
calculate the value of the test statistic set up the rejection region determine the p-value interpret the result and
Parking II. Suppose that, for budget planning purposes, the city in Exercise needs a better estimate of the mean daily income from parking fees.
The number of degrees of freedom corresponding to between treatments is:
Give an example of a coincidence that has occurred in your life. Using the material from this chapter, try to approximate the probability of exactly that event.
Use the pennstate1 dataset on the companion website for this exercise. The data for the variable HrsSleep are responses by n = 190 students to the question.
find an online report of a simple research study that includes statistics. you must include website link to the report
What is the probability that of the last 100 new juvenile delinquents put on probation, 30 or more will commit another crime?
Simple random sample from the students in the university. Find the probability that the average number of study hours for this group is between 21 and 23 hours.
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